SOLI.L closes flat at 0.0%

Solid State plc (SOLI.L) Technical Analysis Report for May 17, 2018

TQ Sentiment

Report Sentiment: 66% Bullish
Technical Forecast:

Overview

SOLI.L finished Thursday at 280.00 flat on low volume.

Daily chart for SOLI.L

Volatility

Thursday's trading range was £15.00 (5.54%), that's slightly above last trading month's daily average range of £11.78. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

Support/Resistance

Prices are trading close to a key support level at 274.00.

Trend

While Solid State is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying might speed up should prices move above the nearby swing high at 290.00 where further buy stops could get activated.

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.

Market Conditions for Solid State plc

Loading Market Conditions for $SOLI.L (Solid State plc)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Solid State plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

MCRO.L 10 day candlestick chart for MCRO.L 1,362.00 36.00 (2.71%)
SGE.L 10 day candlestick chart for SGE.L 582.80 5.40 (0.94%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!